Jump Trading Faces $4 Billion Lawsuit Linked to $50 Billion Terra Collapse, Reports WSJ
Terraform Labs sued Jump Trading and senior executives for $4 billion, alleging the firm manipulated Terra’s ecosystem and unlawfully profited from the crash, the WSJ reported.
Senior Promoter of IcomTech Crypto Ponzi Scheme Sentenced to Six Years in Prison
Magdaleno Mendoza, 56, was sentenced to 71 months in prison for his role in helping orchestrate a crypto Ponzi scheme in the U.S.
Bitcoin Surges Following Japan's Interest Rate Increase as Arthur Hayes Predicts Dollar Will Reach 200 Yen
Bitcoin headed higher despite the Bank of Japan's interest-rate hike while reactions saw bullish risk-asset signals and no further policy tightening.
Coinbase Adopts Kalshi's Strategy and Files Lawsuits Against Three States Over Prediction Market Regulations
Coinbase sued regulators in Connecticut, Illinois and Michigan, arguing CFTC-regulated prediction markets fall under federal commodities law, not state gambling rules.
Terraform Labs Liquidator Seeks $4 Billion in Damages from Jump Trading in High-Stakes Legal Battle
A spokesperson for Jump reportedly called the lawsuit a 'desperate attempt' to shift blame and responsibility away from Terraform and Kwon.
Transforming Libya into a Bitcoin Mining Hub Through Affordable Energy Solutions
Libya’s cheap power fueled a hidden Bitcoin mining boom, straining the grid and forcing authorities into an escalating crackdown.
US Senate Approves Crypto Advocate Selig as CFTC Leader and Appoints Hill as New FDIC Chief
Mike Selig pledged to make crypto a priority when he was picked to lead the CFTC in October, while Travis Hill has been speaking out against crypto debanking.
Coinbase Takes Legal Action Against Michigan, Illinois, and Connecticut Over Regulation of Prediction Markets
The lawsuits follow Coinbase's announcement a day earlier that it plans to enter prediction markets through a partnership with Kalshi.
Raoul Pal Highlights the Role of Capital Rotation in Driving Zcash's Surge
Real Vision CEO Raoul Pal said the key signal indicating whether Zcash shows the start of a rally is if it can hold up during a broader market uptrend.
Crypto Market Cap Plummets to Lowest Point in Eight Months as Analysts Predict Continued Struggles Ahead
The total crypto market cap fell to $2.93 trillion, its lowest since April, erasing yearly gains as analysts anticipated further declines.
US Crypto Czar David Sacks Announces January Markup for Clarity Act, Bringing the Industry Closer to Regulation
Markup sessions review, amend, and vote on the bill in the committee before it advances to a full floor vote in the Senate.
Exploring the Bull Market Potential of Crypto: Why Are Prices Falling Despite Strong Fundamentals?
Crypto has tracked lower late this year despite pro-regulation shifts, ETF launches, and institutional buying, prompting analysts to question structural issues.